The book keeper for P into Co. of Peter borough gathered the following data from employee earnings
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The book keeper for P into Co. of Peter borough gathered the following data from employee earnings records as well as daily time cards. Your task is (1) to complete a payroll register on November 5 and (2) to journalize the appropriate entry to record the payroll.
Assumptions
1. Income taxes, CPP, and EI are from tables at the end of this chapter.
2. Each employee contributes $12 per week for health insurance.
3. Overtime is paid at a rate of time-and-a-half over 40 hours per week or over 8 hours in any day.
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Related Book For
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
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